Mortgage arrears or payment difficulties
We can help
If you can't meet your mortgage repayments, or you're worried you might fall behind, it's important to contact your lender as soon as possible. Lenders have procedures for tackling payment difficulties and they'll try to help. You can also get free independent advice us.
Contact your lender and agree a plan
Mortgage lenders are keen to help their customers sort out any payment difficulties. Also, the law says they must treat you fairly and take your circumstances into account. They may be able to come to a payment arrangement with you.
If you're struggling to make the payments
Depending on your payment history and whether your difficulties are likely to be long or short term, your lender might agree to:
- reduce your payments for a set period
- charge you interest only for a while, if you've got a repayment mortgage (usually you pay capital and interest)
- give you a 'payment holiday'
- extend your mortgage term to reduce your payments
Speak to one of our advisors to discuss your options
Call now on 01162 912 478 to discuss your complaint
Here to help you
Please ask any question in total confidence
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.
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MyCBI is an abbreviation of My Clients Best Interest etc etc Arundel Associates FSA 417499 Appointed Representatives. © 2007 MyCBI| Design by: Martin Earl | money advice l This site is intended for UK based consumers only
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